By
DEREK HOLT, VP & HEAD OF CAPITAL MARKETS ECONOMICS AT SCOTIABANK
"It is very, very, very slightly dovish at the margin. Not so much because of the roughly in line with expectations dip in headline CPI, but because progress towards gently rising core inflation measures stalled out in the month of October.
The average stayed at 1.6 percent."
"I think bigger picture the Bank of Canada has said near term data doesn't matter to them compared to longer-tailed uncertainties."